Shanghai Fosun Pharmaceutical Group <600196.SS> is trimming the size of the stake it will buy in India's Gland Pharma to 74 percent for $1.1 billion (809 million pounds) Nike Air Max 2017 Mens UK , in a bid to salvage the stalled deal that would be the biggest takeover by a Chinese firm in India.

Fosun Pharma had struck a deal in July last year to buy an 86 percent stake valued at about $1.26 billion in the Indian generic injectable drugmaker, but the deal had raised concerns among some in the Indian government, a source had told Reuters previously.

India allows foreign investment of up to 100 percent in its pharmaceutical sector but above 74 percent requires government approval.

Two sources with knowledge of the matter told Reuters that the Chinese drugmaker had agreed to lower the stake it planned to acquire in Gland to 74 percent, mainly because it sought to get the deal completed more smoothly and faster. Gland is backed by private equity firm KKR & Co LP .

Fosun said in a statement on Sunday the deal no longer required a nod from India's Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi. It said it had already received approval from Chinese regulators and applied for antitrust approval in the United States and India.

The Chinese drugmaker added that Gland Pharma's founding family wanted to retain a bigger holding in the Indian company because of its good performance.

Gland managing director Ravi Penmetsa told Reuters some approvals the original deal had received were at risk of expiring.

"Now with this new agreement, we won't have to reapply for those Nike Air Max 2017 UK ," he said, adding that he expects the deal to be completed in two weeks.


RABAT, March 20 (Xinhua)-- Three football fans were killed and more than 50 others were injured in clashes erupting between fans of the same team in Morocco, police said on Sunday.

Videos that have gone viral on social media showed horrific violent scenes between fans of Raja Casablanca at the end of the match between their team and Chabab Rif al Hoceima Saturday night in the stands of Mohammed V stadium in Casablanca.

Two fans died on the spot, whereas a 14-year-old died of injuries on Sunday, police said in statement.

Forty-one people were arrested for their involvement in these clashes and acts of vandalism outside the stadium Nike Air Max 2018 Elite Womens UK , police said, noting that an investigation was opened to determine the circumstances of violence and catch all those involved, the same source added.

Following the violence, the Royal Moroccan Football Federation announced earlier Sunday that Raja Casablanca's 5 home matches will be played behind close doors as penalty against the team.

Performers perform during the opening ceremony of the fifth Beijing International Film Festival (BJIFF) in Beijing, capital of China, April 16 Nike Air Max 2018 Elite Mens UK , 2015. The BJIFF kicked off Thursday and will last until April 23. (XinhuaChen Yehua) Performers perform during the opening ceremony of the fifth Beijing International Film Festival (BJIFF) in Beijing, capital of China, April 16, 2015. The BJIFF kicked off Thursday and will last until April 23. (XinhuaChen Yehua) Performers perform during the opening ceremony of the fifth Beijing International Film Festival (BJIFF) in Beijing, capital of China, April 16 Nike Air Max 2018 Elite UK , 2015. The BJIFF kicked off Thursday and will last until April 23. (XinhuaLuo Xiaoguang) Singer Sun Nan performs during the opening ceremony of the fifth Beijing International Film Festival (BJIFF) in Beijing, capital of China, April 16, 2015. The BJIFF kicked off Thursday and will last until April 23. (XinhuaLuo Xiaoguang) Jury members appear on the opening ceremony of the fifth Beijing International Film Festival (BJIFF) in Beijing, capital of China, April 16 www.2018airmaxuk.com , 2015. The BJIFF kicked off Thursday and will last until April 23. Cast members of film "The Left Ear" walk the red carpet during the opening ceremony of the fifth Beijing International Film Festival (BJIFF) in Beijing, capital of China, April 16, 2015. The BJIFF kicked off Thursday and will last until April 23. (XinhuaLi Renzi) Famous Beijing Opera actor Mei Baojiu (C) performs with children during the opening ceremony of the fifth Beijing International Film Festival (BJIFF) in Beijing, capital of China, April 16 Nike Air Max 2018 Mens UK , 2015. The BJIFF kicked off Thursday and will last until April 23. (XinhuaChen Yehua) Photo taken on April 16, 2015 shows the model of Temple of Heaven Award during the opening ceremony of the fifth Beijing International Film Festival (BJIFF) in Beijing, capital of China. The BJIFF kicked off Thursday and will last until April 23. (XinhuaLi Renzi)

MADRID, March 17 (Xinhua) -- When Leo Messi travels to the Santiago Bernabeu Stadium with the rest of his Barcelona team-mates for 'El Classico' next Sunday, he will do so knowing the destiny of the BBVA Primera Liga title is at stake, but also as a record holder.

Messi' s hat-trick against Osasuna in Barca' s 7-0 thrashing of the Navarran side on Sunday saw him Nike Air Max 2018 Sale UK , overtake Paulinho Alcantara to become the highest ever goalscorer in Barca' s history.

The Argentinean now has 371 goals in a Barca shirt, and intends to score a lot more.

"I' ll stay at the club for as long as I am wanted. My intention is to retire at Barca, I' m happy here," said Messi, when asked about rumors that he may leave Barca as a result of the off-field turmoil at the club.

He was also happy about setting a new scoring record for Barca, at the age of just 26 years old.

"Once you get close to a record Nike Air Max 2018 UK , you just want to beat it for everything making history at a great club like Barca represents. It took many years for it to be broken and it will be many years before someone breaks it again," he said.

Messi' s l. Cheap Soccer Jerseys Wholesale   Cheap Authentic Soccer Jerseys   Cheap New NHL Jerseys   Cheap Authentic NFL Jerseys   Cheap MLB Jerseys Free Shipping   Cheap NFL Jerseys From China   Cheap Nike NBA Jerseys   Cheap MLB Jerseys Online   Cheap NCAA Jerseys   Cheap Hockey Jerseys